What is the price of shark fins per kilogram/pound in Malaysia today?
The retail price range for Malaysia shark fins is between US$ 3.96 and US$ 13.83 per kilogram or between US$ 1.79 and US$ 6.27 per pound(lb). Click here to see today's exact prices of shark fins in Malaysia
The retail price range in Malaysian Ringgit for shark fins is between MYR 17.95 and MYR 62.75 per kilogram or between MYR 8.14 and MYR 28.46 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia shark fins is between US$ 2.77 and US$ 9.68 per kilogram or between US$ 1.26 and US$ 4.39 per pound(lb).
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Malaysia Shark Fins Export Prices - Historical, Trends and Prediction
In the years 2016, 2017, 2018, 2019 and 2020, the export price of Shark Fins from Malaysia was US$ 20.48, US$ 88.34, US$ 47.74, US$ 15.51 and US$ 15.56 per Kg respectively. For 2021, the export price was US$ 9.11 per Kg. For the year 2023, the predicted export price of Shark Fins from Malaysia is US$ 8.00 per Kg.Malaysia Shark Fins Import Prices - Historical, Trends and Prediction
The import price of Shark Fins into Malaysia over the last five years has been quite volatile. In 2013, the price was 12.29 US dollars per kilogram, before dropping to 10.68 US dollars per kilogram in 2014. This was followed by a sharp increase to 23.46 US dollars per kilogram in 2015. The price then rose to 44.57 US dollars per kilogram in 2016, before dropping to 12.86 US dollars per kilogram in 2017. The price then continued to decline, reaching 6.45 US dollars per kilogram in 2018 and 2.38 US dollars per kilogram in 2019. The price then increased slightly to 2.78 US dollars per kilogram in 2020, before rising again to 3.63 US dollars per kilogram in 2021. The price then dropped to 0.00 US dollars per kilogram in 2022. Based on this trend, it is likely that the price of Shark Fins into Malaysia will increase to around 4.50 US dollars per kilogram in 2023 and 5.50 US dollars per kilogram in 2024.Export values for Malaysia shark fins
The total values in export for shark fins in Malaysia were US$ 962, US$ 1,872, US$ 4,449 and US$ 1,973 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in Malaysia: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
See prices of shark fins in other countries across Asia: Kazakhstan shark fins, Kyrgyzstan shark fins, Tajikistan shark fins, Turkmenistan shark fins, Uzbekistan shark fins, China shark fins, Hong Kong shark fins, Macao shark fins, North Korea shark fins & Mongolia shark fins.
Malaysia shark fins - Production, Exports, Imports, Seasons and HS Codes
The quantity of shark fins sold by Malaysia in 2020 was 341 metric tonnes. In 2019 Malaysia sold 474 tonnes of shark fins. For 2019 alone, the interest in Malaysia shark fins (fish category) has climbed, recording a change of 54.902 pc compared to the year 2018. Between 2017 and 2019, shark fins' exports increased by 36.99% earning the country US$1.97m for the year 2019. Malaysia's shark fins exports are categorised as:
- Shark fins, smoked, dried, salted or in brine (HS code 030571)
- Fresh or chilled shark fins (HS code 030292)
- Frozen shark fins (HS code 030392)
- Frozen fish fins, heads, tails, maws and other edible fish offal (excl. livers, roes, milt and shark fins) (HS code 030399)
- Prepared or preserved shark fins, whole or in pieces (excl. minced) (HS code 160418)
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Malaysia shark fins export values
In 2019, Malaysia shipped shark fins worth 1.97m USD, a decrease of -55.72% from 2018's total shark fins export of 4.449m USD. The yearly reduction in value of Malaysia shark fins between 2017 to 2018 was 137.66 percent.
The per year change in the amount of Malaysia's shark fins exports between 2017 and 2019 was 36.99 per cent compared to a variation of 54.902% in the period between 2018 and 2019.
Export markets for Malaysia shark fins ( in '000$ )
Malaysia brought in 533 tonnes of shark fins in 2019.